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UConn to hold Women’s Entrepreneurs Empowerment Forum

UConn will be holding their Women’s Entrepreneurs Empowerment Forum on Friday, September 18, 2015 from 8:30am to 2:30pm at their Stamford Campus. The conference will bring together women entrepreneurs and provides an opportunity to network with each other, showcase their ventures, and participate in a variety of educational workshops to help take their businesses to the next level.hero_ccwe2

Be sure to attend this fantastic event and support Women Entrepreneur’s in CT!

Register Here to secure your spot.

 

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Arizona Company licenses CT Inventor’s Alzheimer’s tech

Arizona based NeuroEM Therapeutics has taken a no-fee research and development license for an apparatus patented by Eric Knight of Farmington, CT based Remarkable Technologies. Eric Knight, a CVG member and supporter, began developing a device in 2013 designed to deliver radio waves to the brain to target plaque suspected to be a cause of Alzheimers. Alzheimers disease affects millions of people worldwide.

NeuroEm is excited to add the technology to their patent portfolio as they continue to advance their wave based therapeutics, a technology that will be entering clinical trials in the near future. Gary Arendash, a former University of South Florida researcher who founded NeuroEM in 2013, also has technology licensed from his time at the university and is currently collaborating with Arizona State University.

You can find out more about the licensing and NeuroEm Therapuetics at HartfordBusiness .com

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Q2 MoneyTree Report – Investing Exceeds $17 Billion

Venture Capital Investing Exceeds $17 Billion for the First Time Since Q4 of 2000, According to the MoneyTree Report

According to the MoneyTree Report from PricewaterhouseCoopers LLP (PwC) based on data provided by Thomson Reuters, venture capitalists invested $17.5 billion in 1,189 deals in the second quarter of 2015. This is the sixth consecutive quarter where more than $10 billion of venture capital dollars were invested in a single quarter.

“In addition to a significant uptick in total investing in Q2, the $7.3 billion invested in software companies exceeded the total VC dollars invested across all industries in 51 of the last 82 quarters,”aid Tom Ciccolella, US venture Capital Leader at PwC.

“We saw 26 megadeals in Q2 including yet another billion dollar investment.” – Tom Ciccolella

Report Highlights:

  • Software deals have increased 30 percent. The number of deals have increased 11%.
  • Media and Entertainment industries came in second for investment dollars. An increase of 127% in dollars and 34% in total number of deals
  • Biotechnology grew 32% in terms of dollars invested but remained consistent in number of deals.
  • In quarter two, VCs invested $5 billion into 290 internet-specific companies. This is a 54% increase in dollars and a 25% raise in number of deals for internet-specific deals compared to the first quarter.

In Connecticut:Capture

Fifteen investment deals were made in Connecticut during the second quarter, a 50% increase in number of deals when compared to the previous quarter. Through said fifteen deals, $117,609,900 dollars were invested.

Read the full MoneyTree Report here.

 

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July 2015 | EdTech and Software Recap

Seventy-five movers and shakers from the Crossroads Venture Group Community gathered to grow the Edtech and Software industries in Connecticut. There were company showcases and presentations, an investor panel that gave live feedback to presenting companies, as well as a keynote speaker and time forIMG_8207 both pre and post-networking.

Presenting Companies:

Three strong Rising Entrepreneurs presented at this months CVG event in front of a panel of experienced and knowledgeable investors. After each presentation, investors had the opportunity to ask questions and provide feedback.

LevelUpVillage – Amy McCooe, Co-Founder & CEO
LevelUpVillage has a mission to ignite passion, intellectual curiosity and empathy in students by combining STEAM and Global education into ongoing equality interaction on real-life projects.

Simple Bio LLC – Rajiv Pande, President
Simple Bio is creating software to simplify the design and analysis of targeted genetic tests.
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Discover Video – Rich Mavrogeanes, CEO
Discover Video is providing powerful and affordable video streaming and digital media solutions to organizations of all sizes.

Presenting Companies presented to a panel of experienced investors:

Kevin Bouley, President & CEO, Nerac, Inc.
Nat Brinn, Partner, Vital Venture Capital; President, CVG State Board of Directors
Jean Hammond, Co-Founder, LearnLaunch EdTech Accelerator; Co-Founder, Golden Seeds-Boston; Member, Hub Angels & Angel IMG_8392Launchpad Venture Group
Doug Roth, Director of Investments, Connecticut Innovations

Immediately following the entrepreneur presentations, keynote speaker Jean Hammond, who is the co-founder of LearnLaunch EdTech Accelerator, the co-founder of Golden Seeds Boston and member of Hub Angels & LearnLaunch Venture Group, spoke on the role of human capital for growing entrepreneurs. One of Jean’s highlights was about how it’s all about the “human touch.”hammond

“Early stage companies need human capital to assist with all aspects of growing a successful business… the search for these resources has never been more complex but there have never been more paths to try.”

We hope you will join us at our summer networking party in August!

Present & Showcase at an upcoming event:

Interested in presenting as a Rising Entrepreneur at on of our future networking events? Click here to apply.

Click here to view more event photos

 

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Horizon Technology Finance leads $10M Debt Financing to Palatin Technologies

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Farmington, CT based Horizon Technology Finance (NASDAQ: HRZN), and CVG sponsor and supporter, lead a $10M debt financing to New Jersey based biopharmaceutical company Palatin Technologies (NYSE MKT: PTN). The terms of the deal include an interest-only payment period for the first 18 months and a floating coupon rate of Libor (0.50%) plus 8.50%. Horizon will also receive Series G warrants to purchase 549,450 shares of Palatin’s common stock. The warrants are exercisable immediately at an initial price of $0.91 and will expire on the fifth anniversary of issuance. The debt financing occurred alongside an $20M equity raise from two other investors.

Stephen T. Wills, Chief Financial Officer and Chief Operating Officer of Palatin had this to say about the use of the new funds.

 “With these financing transactions, we expect to have sufficient funding to complete our pivotal Phase 3 clinical trials on bremelanotide for female sexual dysfunction and, assuming results are positive, complete required ancillary studies preparatory to filing a regulatory application for approval of bremelanotide by the Food and Drug Administration.”

You can learn more about Palatin’s recent funding by reading the official press release.

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New Haven Based SeeClickFix Raises $1.4M to Fuel Growth

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SeeClickFix has raised $1.4M in an equity round led by ElmStreet Ventures. The deal included previous investors O’Reilly AlphaTech Ventures , Omidyar Network as well as new participation from Connecticut Innovations and LaunchCapital.

SeeClickFix will use the funds to fuel platform growth and help more citizens better communicate with local government. The company currently has a staff of 25 employees and hopes to double that number in the next 12 months. Ben Berkowitz, CEO of SeeClickFix had this to say about the new raise and the New Haven Startup community:

“Our expansion is a testament to the growing ecosystem of technology startups in New Haven and the talent and resources that have supported our growth. We are proud to be a part of such a vibrant and innovative community.”

You can learn more about SeeClickFix’s recent funding  by reading the official press release.

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The Refinery opens its doors to another class of Women-led Startups

The Refinery is now accepting applications until June 30 for their Fall 2015 Program. download (1)

Their mission is to accelerate the growth of early stage women-owned ventures. Last year’s class included CVG Rising Entrepreneur Wendy Davis of Gest Vision and many other exciting up-and-coming women led startups.

Apply today www.refineryct.com/application and join the other women-led businesses that they have “refined”, helping them to expand their markets, get funding and accelerate.

 

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June 2015 | Clean Tech & Advanced Manufacturing Recap

Seventy-two movers and shakers from the Crossroads Venture Group Community gathered to grow the Clean Tech and Advanced Manufacturing sector in Connecticut. There were company showcases and presentations, an investor panel that gave live feedback to presenting companies, as well as a keynote speaker and time for both pre and post-networking.recap 2

Presenting Companies:

Three strong Rising Entrepreneurs presented at this months CVG event in front of a panel of experienced and knowledgeable investors. After each presentation, investors had the opportunity to ask questions and provide feedback.

Amastan Technologies LLC – presented by Kamal Hadidi, Founder and CTO.CVG recap
Sustainable Innovations LLC – presented by Trent Molter, Found, President & CEO.
Yumi EcoSolutions Inc. – presented by Virginia P’an, Founder & CEO.

Presenting Companies presented to a panel of experienced investors:

Doug Campbell, CEO, The Success Coach; Member, Angel Investor Forum
Konstantine Drakonakis, Director, LaunchCapital; Board of Directors, Crossroads Venture Group
Deb Kemper, Managing Director, Clean Energy Venture Group; Managing Director, Golden Seeds – Boston; Founder, Libra Global Partners
Russell Tweeddale, Managing Director of Investments, Connecticut Innovationsfor recap 1

Immediately following the entrepreneur presentations, keynote speaker Deb Kemper who is the managing director at Clean Energy Venture Group, the managing director at Golden Seeds Boston, and the founder of Libra Global Partner spoke about trends in the clean energy and advanced manufacturing industries.

We hope you will join us at the EdTech and Software event in June!

Present & Showcase at an upcoming event:

Interested in presenting as a Rising Entrepreneur at on of our future networking events? Click here to apply.

View more event photos

 wendy davis for recap

 

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Farmington, CT based Recruiter.com raises $350K to accelerate growth

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Recuiter.com, a leading online recruiting service that utilizes proprietary technology to help match employers with great employees, has raised $350K from a group of private angel investors. The group was made up of angels from around the region and country including Hartford, Providence and Chicago, but was led by local investor Thomas Zipp of Connecticut.  Recruiter.com will use the money to help accelerate their growth and offer even more value to their growing client base. Miles Jennings, CEO of Recruiter.com had this to say about their new financing:

“With a growing user base and over 150 clients already, we see tremendous opportunity. The investment will help accelerate development of services that help employers find the right hires.”

Recruiter.com also named two members of their leadership advisory board. The new board includes Douglas Roth, director for venture investments at Connecticut Innovations as well as noted angel investor and CEO of the digital interviewing platform RIVS, David Wieland.

You can read more about Recruiter.com and their financing on MarketWatch.

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May 2015 | Digital Media Recap

Sixty-seven movers and shakers from the Crossroads Venture Group Community gathered to grow the Digital Media sector in Connecticut. There were company showcases and presentations, an investor panel that gave live feedback to presenting companies, as well as a keynote speaker and time for networking both before and after the program.

Presenting Companies:pitch1

Three strong Rising Entrepreneurs presented at this months CVG event in front of a panel of experienced and knowledgeable investors. After each presentation, investors had the opportunity to ask questions and provide feedback.

Cafe Learn – Presented by Carrie O’Donnell. Cafe is a next generation course design platform to help colleges improve retention rates.

Reality Interactive – Presented by Craig K. Martin. Reality Interactive is a digital merchandising firm that helps pitch4clients communicate their brand message using interactive retail technology.

Structural Graphics – Presented by Julie Abraham. Structural Graphics has established and is leading the dimensional print market industry.

Presenting Companies presented to a panel of
experienced investors
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Immediately following the entrepreneur presentations, keynote speaker Kevin Segalla, Founder of Topstone Angels discussed

We hope you will join us at the Clean Technology and Advanced Manufacturing event in June! 

Present & Showcase at an upcoming event:

Interested in presenting as a Rising Entrepreneur at on of our future networking events? Click here to apply.

View more event photos

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